Volocopter has raised USD 170 million in the initial signing of its Series E funding round led by South Korean investor WP Investment, at a pre-money valuation of USD 1.7 billion. Composed of funds by new and existing investors, the money raised will assist with the certification of Volocopter’s electric passenger air taxi and is expected to help Volocopter achieve commercial launch in...
Daher Aircraft Division announced the deliveries of 68 aircraft from its Kodiak and TBM single-engine turboprop product lines in 2021, along with record orders for another 50 of these aircraft to be delivered during 2022. Last year’s deliveries were led by 51 TBM very fast turboprop family airplanes in the TBM 940 and TBM 910 versions. In addition to the traditional customer base o...
MTU Aero Engines and Pratt & Whitney signed an agreement to grow the company’s maintenance, repair and overhaul (MRO) capabilities for all Pratt & Whitney GTF™ engines in service. MTU is now positioned to supply overhaul services for two additional engine models: PW1500G for the Airbus A220 family and PW1900G for Embraer E190-E2 and E195-E2 aircraft. The contract further expand...
GKN Aerospace engineers in Trollhättan, Sweden, have successfully tested a new lightweight demonstrator of a Turbine Rear Structure (TRS) as part of the Clean Sky-2 Engines research Programme. The purpose of a TRS is to manage the flow from the engine’s low-pressure turbine and maximize the axial thrust. It is a key component in improving the efficiency of an aero-engine. Innovative...
Alaska Airlines plans to broaden our mainline fleet by adjusting our current 737-9 aircraft order with Boeing to include the bigger 737-10 and longer-range 737-8, which are all part of the 737 MAX family of planes. These additional 737 models will enhance Alaska's ability to meet specific market requirements with optimal aircraft size and capability. "We're excited to add...
Airbus Flight Academy Europe has inaugurated a new campus, in Angoulême, South-West France. During the ceremony, Airbus confirmed that Volotea, the Barcelona-based airline, is the first to recruit its Airbus pilot cadets. The move by Volotea to recruit eleven of Airbus’ newly graduated pilot cadets is an endorsement of the quality of Airbus’ Ab-Initio Training Programme, wh...
Brussels Airlines has decided to add two aircraft to its medium haul fleet this summer season. This growth comes earlier than foreseen in its transformation plan (and state loan agreement) as it sees an opportunity in the increasing demand for summer. With one extra Airbus 319 and one extra A320, Brussels Airlines wants to cater to the high demand for leisure travel and defend its position in the...
Etihad Airways announced its business results for 2021, recording a strong recovery in passenger operations along with a significant improvement in financial performance, posting a much-reduced loss of US$ 476 million for 2021 (2020: US$ 1.70 billion).The airline carried 3.5 million passengers in 2021, with an average seat load factor of 39.6%. Passenger loads doubled in the second half of the yea...
Technoheaven announced a strategic partnership with Emirates airline. The new agreement will enable Emirates’ NDC (new distribution capability) content integrated into the Technoheaven platform, with NDC content being made available to its client community of travel agents, buyers and travel suppliers. Technoheaven recently achieved NDC Level 4 certification...
When you go to almost any airport, an aircraft hangar is a common sight to see. Typically, they shelter small private planes that are owned and rented out to clients. From the outside, a hangar might simply look like one that's simple and straightforward. But, from the inside, it's a mix of different features. A large or small aircraft hangar is made for various purposes...
Tradewind Aviation has signed an order for 20 new PC-12 NGX, expanding its fleet of Pilatus PC-12s to 38 – one of the largest in the global aviation industry. The first single-engine turboprop is slated for delivery in the third quarter 2022, with the remaining orders scheduled to deliver over the next five years at a rate of three to four PC-12 NGX per year. Tradewind Aviation, the marke...
The net turnover of Riga Airport in 2021 reached 31.8 million euros – 3.5 million or 12.5 % more than planned in last year's budget. Airport’s unaudited condensed interim statement for the last year shows that the company has also been able to reduce its projected losses by 10 million. "The Covid-19 pandemic particularly affected the Airport's operations in...
